thebigyellowtruck
Member
I'm renting some of my land in southeastern michigan and I have a few people interested. What's the amount per acre going for? Thanks in advance for any help.
- Thread starter thebigyellowtruck
- Start date
farmerwithmutt
Well-known Member
425 per acre sw wisc also contract needed as to fertilizer used chemicals applied its 4 pages long also cash up ftont doesnt hurt
Anonymous-0
Well-known Member
35% of corn revenue and +40% bean revenue, tenant supplies all inputs.
redforlife
Well-known Member
anywhere from $125 to $250 in my area. I don't cash rent, but rather do a 60/40 split. I get 40 percent as the owner. I have to pick-up 40 percent of some of the bills.
Dave H (MI)
Well-known Member
I picked up some acreage here and the tenant who came with it was paying the estate $50 an acre...his going rate. The generous 3rd-4th generation farmer with the road named after him offered me a generous $70 per acre. Understanding that the cleared areas are 100% prime farmland, not a clinker acre in the lot, I doubled the original tenants rent and he paid it without argument. Still tries to short me on the check every year but that is about to end.
That percentage deal mentioned blow can get you in he neighborhood. What does the ground support for yields? Is it a worn out pasture that needs a lot of work, or is it prime to
Yielding corn ground?
It depends so very much on your soil type, the current fertility of the ground, and so forth, is it too wet or is it a lot of sand.... A field right across from another can be quite different from another.
Paul
Yielding corn ground?
It depends so very much on your soil type, the current fertility of the ground, and so forth, is it too wet or is it a lot of sand.... A field right across from another can be quite different from another.
Paul
Josh in Pa
Member
What kind of ground and how much? Larger amounts of ground with good access and drainage that can grow 200 bu plus corn are worth a good bit. Here maybe $400 an acre, even though there is no profit at that price. A few acres of grass hay surrounded by woods is probably a fair trade for him to keep it mowed in exchange for hay.
Josh
Josh
Geo-TH,In
Well-known Member
Something to think about. Neighbor rents land for his horses. Horses got out. Car hits horse, kills horse. Driver of car sues both neighbor and the man he rents the land from.
Been in the courts for over a year.
So who is responsible?
If a landlord allows a dog on property. Dog bits someone, guess who is responsible? This actually happened in California, dog kills a person, went to supreme court. Yep, landlord is responsible.
Landlord gives permission for tenant to have a swimming pool. Someone gets hurt, guess who is responsible?
The first thing I would do is call you insurance company.
I bought a building that was once a day care. The insurance would be more than the rent. Turned day care into a single family resident.
Been in the courts for over a year.
So who is responsible?
If a landlord allows a dog on property. Dog bits someone, guess who is responsible? This actually happened in California, dog kills a person, went to supreme court. Yep, landlord is responsible.
Landlord gives permission for tenant to have a swimming pool. Someone gets hurt, guess who is responsible?
The first thing I would do is call you insurance company.
I bought a building that was once a day care. The insurance would be more than the rent. Turned day care into a single family resident.
MarkB_MI
Well-known Member
- Location
- Motown USA
You can use the USDA National Agriculture Statistics Services's "Quick Stats" to look up average farmland rents in your area.
Select:
Sector->Economics
Group->Expenses
Commodity->Rent
Then you can select the particular type of farmland from "Data Item" and the county or district your interested in. "Get Data" should give you a few year's worth of rent history.
Since these are average rents, I would expect to start with an asking price above the NASS number.
Quick Stats
Select:
Sector->Economics
Group->Expenses
Commodity->Rent
Then you can select the particular type of farmland from "Data Item" and the county or district your interested in. "Get Data" should give you a few year's worth of rent history.
Since these are average rents, I would expect to start with an asking price above the NASS number.
Quick Stats
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